What Will Happen to ISHARES VII PLC ISHARES MSCI EM ASIA UCITS ETF Next? The Stock Just Gapped Up

November 8, 2016November 8, 2016Adrian Mccoy

The stock of ISHARES VII PLC ISHARES MSCI EM ASIA UCITS ETF (LON:CEMA) gapped up by GBX 0.64 today and has GBX 217.29 target or 87.00% above today’s GBX 116.20 share price. The 9 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 217.29 price target is reached, the company will be worth GBX more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The ETF increased 0.28% or GBX 0.33 on November 8, hitting GBX 116.2. About 20,600 shares traded hands or 1315.81% up from the average. ISHARES VII PLC ISHARES MSCI EM ASIA UCITS ETF (LON:CEMA) has risen 11.11% since March 29, 2016 and is uptrending. It has outperformed by 9.15% the S&P500.